Technology helps employers track knowledge transfer, employee educationReducing 'brain drain' when baby boomers depart workplaceBy David Ludlow12/03/2007|Canadian HR Reporter|Last Updated: 01/24/2008 The imminent retirement of baby boomers presents Canadian organizations with an important challenge: How to ensure crucial information is shared among employees and passed down to younger workers who will soon be the backbone of corporate Canada.HR executives, with one foot in the boardroom and the other in day-to-day business operations, need to develop up-and-coming employees while meeting increasingly stringent regulatory requirements. The choice is clear — develop and train staff members and quantify their skills, qualifications and certifications or face irrecoverable “brain drain” along with work interruptions.Fortunately, technology can help HR support employee education and knowledge transfer. Gone are the days when HR applications only handled basic employee record-keeping, payroll and benefits management. In their place are sophisticated human capital management (HCM) systems that can serve as a central hub of workforce-related information. With access to this information hub through the corporate portal, employees can take an active role in their training and development. Organizations can seamlessly transfer skills and knowledge needed to support both employees’ career aspirations and the organization’s strategic objectives. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.